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US-INDUSTRY Summary

June 16, 2013 20:30
Vodafone and Liberty face battle for Kabel Deutschland LONDON (Reuters) - Vodafone faces a battle for Germany's largest cable company, Kabel Deutschland, although rival bidder Liberty Global of the United States has bigger regulatory and funding hurdles to overcome. Liberty Global, which owns Unity Media, Germany's second biggest cable operator, joined the race on Tuesday. It tabled an 85 euro a share offer, according to a person familiar with the matter, days after the British mobile company said it was in talks about a deal.

US-PEOPLE Summary

June 17, 2013 07:37
TV chef Nigella Lawson's husband cautioned by police for assault

Duke Energy CFO Lynn Good to become CEO

June 18, 2013 09:35
(Reuters) - Duke Energy Corp <DUK.N>, the largest power provider in the United States, said Chief Financial Officer Lynn Good will take over from Chief Executive Jim Rogers on July 1. Rogers will continue to serve as the chairman of the board until his retirement on December 31. Duke Energy's board will also name an independent director to assume responsibilities as chairman, the company said in a statement.

German investor morale improves in June

June 18, 2013 06:02
MANNHEIM, Germany (Reuters) - German analyst and investor sentiment rose for a second straight month in June, a leading survey showed on Tuesday, suggesting Europe's largest economy is on the road to recovery after a weak end to 2012. The Mannheim-based ZEW economic think tank's monthly poll of economic sentiment climbed to 38.5 from 36.4 in May, beating the consensus forecast in a Reuters poll for a reading of 38.1. The index based on a survey of 257 analysts and investors was conducted between June 3 and June 17, ZEW said.

New York City settles lawsuit over police pension benefits

June 17, 2013 18:31
NEW YORK (Reuters) - New York City has settled a lawsuit in which the federal government accused it of improperly reducing retirement benefits for current and former police officers who served in the military after September 11, 2001. The settlement announced by Attorney Preet Bharara in Manhattan calls for pension benefits to be calculated in accordance with a 1994 federal law designed to protect the rights of civilian employees who are called to active duty. The settlement requires court approval.

Greek court orders shuttered state TV ERT to reopen: source

June 17, 2013 15:31
ATHENS (Reuters) - A Greek court suspended a government order shuttering state broadcaster ERT, meaning it can resume transmission until a final ruling is issued in the case, a court official told Reuters on Monday. ERT's union had brought the case to Greece's top administrative court in a bid to block the government's surprise closure of the broadcaster last week. (Writing by Deepa Babington)

France Telecom says Richard to stay as CEO

June 17, 2013 12:31
PARIS (Reuters) - France Telecom's <FTE.PA> executive board agreed on Monday to keep Stephane Richard as the company's chief executive despite his being put under investigation for fraud allegedly committed during his time as a top government aide. The board of France Telecom, which has rebranded itself as Orange, said in a statement that it had decided to "renew its full confidence in Stephane Richard." Richard denies all wrongdoing. (Reporting by Ingrid Melander; editing by Mark John)

U.S. Air Force says arms sales doubled in two years, more gains likely

June 17, 2013 12:30
PARIS (Reuters) - U.S. Air Force arms sales to international buyers doubled over the past two years and further increases are likely, a senior Air Force official said at the Paris air show on Monday. Heidi Grant, deputy undersecretary of the Air Force for international affairs, told Reuters she expected further increases in coming years but it was difficult to project the exact level.

EU, U.S. leaders launch free-trade talks

June 17, 2013 11:30
ENNISKILLEN, Northern Ireland (Reuters) - The United States and the European Union launched negotiations for the world's most ambitious free-trade deal on Monday, promising thousands of new jobs and accelerated growth on both sides of the Atlantic. "This is a once in a generation prize and we are determined to seize it," said British Prime Minister David Cameron, flanked by U.S. President Barack Obama and the presidents of the European Commission and the European Council.

Heavy equipment maker Terex cuts forecast, shares tumble

June 17, 2013 10:32
(Reuters) - Terex Corp <TEX.N> estimated a current-quarter profit below market expectations and cut its full-year earnings outlook, joining a list of heavy equipment makers that foresee a tough year ahead due to weak mining and construction markets. Terex shares fell 15 percent in early morning trading. Excluding one-time items, Terex expects earnings of 50 to 60 cents per share for the quarter ending June, far below the average analyst forecast of 82 cents, according to Thomson Reuters I/B/E/S.
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